Social Media

FarmVille’s Parent Company Valued at $1 Billion?

While some of us might be willing to pay to make Facebook games like FarmVille and Mafia Wars go away, it appears that Wall Street has other ideas.

Specifically, an analyst with Pacific Crest Securities tells Bloomberg that “If the IPO [for Zynga] were timed to price around mid-2010 or later, our expectation would be for a billion dollar or greater valuation.”

Insanity? Perhaps, but Zynga has shown no signs of slowing down and seems to be able to replicate the same concept over and over again successfully. The company recently introduced “FishVille,” an underwater version of the FarmVille game, and today, launched FarmVille.com, a destination site for the game that utilizes Facebook Connect.

Overall, the company says it now has a whopping 200 million monthly active users across all games and platforms.

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